Cynthia Nicholson was quoted recently in the New Orleans CityBusiness article, “Offshore independents struggle with decommissioning requirements”. The article pinpoints independent oil producers struggle to survive given the challenge of complying with new federal requirements to financially guarantee their costly responsibility to decommission offshore infrastructure after it is no longer useful and profitable. Cynthia discusses the new rules and explains that “they’ve [BOEM] changed it to evaluate each company on its own merits.”
Copyright © 2019, Gordon, Arata, Montgomery, Barnett, McCollam, Duplantis & Eagan, LLC. All Rights Reserved.